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In Sheffield Corp.'s income statement, gross profit of $57000 was reported at standard cost in addition to the following variances: Materials price $450 F Materials
In Sheffield Corp.'s income statement, gross profit of $57000 was reported at standard cost in addition to the following variances:
Materials price | $450 F |
Materials quantity | 620 F |
Labor price | 450 U |
Labor quantity | 1090 F |
Overhead | 830 F |
Sheffield's actual gross profit is
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